CPI Aerostructures (NYSE:CVU – Get Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.
CPI Aerostructures Trading Down 2.3 %
Shares of CVU traded down $0.08 during mid-day trading on Tuesday, hitting $3.45. The company’s stock had a trading volume of 12,316 shares, compared to its average volume of 53,279. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. The business has a 50-day moving average of $4.38. The stock has a market capitalization of $44.85 million, a price-to-earnings ratio of 2.52 and a beta of 1.54. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $5.85.
Hedge Funds Weigh In On CPI Aerostructures
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in CPI Aerostructures during the fourth quarter worth $100,000. Renaissance Technologies LLC raised its holdings in CPI Aerostructures by 27.4% during the fourth quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock worth $433,000 after purchasing an additional 23,000 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in CPI Aerostructures during the fourth quarter worth $40,000. 25.98% of the stock is owned by institutional investors and hedge funds.
About CPI Aerostructures
CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. The company offers aerostructure and aerosystem assemblies, including new production and repair/overhaul of fielded wing structures and other control surfaces, rudder island, engine inlets/nacelles, engine exhaust manifolds, aircraft doors and windows, aircraft steps and racks, other aircraft secondary structures, airborne pod structures and integration of internal systems, radar housing structures, panel assemblies, and mechanical door locking and canopy lifting systems.
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